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Premises and Equipment, Net
12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Premises and Equipment, Net

Note 5 – Premises and Equipment, Net

At December 31, 2025 and 2024, premises and equipment, net consisted of the following ($ in thousands):

 

 

 

December 31,

 

 

 

2025

 

 

2024

 

Land

 

$

55,787

 

 

$

56,610

 

Buildings and leasehold improvements

 

 

249,088

 

 

 

249,405

 

Furniture and equipment

 

 

227,605

 

 

 

227,329

 

Total cost of premises and equipment

 

 

532,480

 

 

 

533,344

 

Less accumulated depreciation and amortization

 

 

309,990

 

 

 

302,201

 

Premises and equipment, net

 

 

222,490

 

 

 

231,143

 

Finance lease right-of-use assets

 

 

2,847

 

 

 

3,299

 

Assets held for sale

 

 

321

 

 

 

968

 

Total premises and equipment, net

 

$

225,658

 

 

$

235,410

 

 

There was one property included in assets held for sale at December 31, 2025 compared to two properties at December 31, 2024. These properties were transferred from premises and equipment, net to assets held for sale due to Trustmark’s intent to sell the properties over the subsequent twelve months as a result of its strategic initiatives. Property valuation adjustments totaling $400 thousand were recognized in other expense for 2025 compared to none for 2024 and $470 thousand for 2023.

Depreciation and amortization of premises and equipment totaled $18.8 million in 2025, $18.7 million in 2024 and $17.4 million in 2023.